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Two-Family Home with Finished Basement
For Sale
$699,000

8 Kipp Place, Paterson, NJ 07513

Brick-and-block duplex with separate kitchens, private parking, finished basement space, and a backyard.

Property Size9,999 SF
Lot Size0.11 Acres
Price / SF$69.91
Days on Market182

Property Features for 8 Kipp Place

General Information

Standard status Active
Size 9,999 SF
Total Parking Spaces 4
Lot size 0.11 Acres
Property subtype Multi Family / 2-Two Story
Net Operating Income $9,999

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 3BR, 2BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $13,134

Amenities

finished basement
laundry room
front porch
backyard
Yes
Asphalt Shingle
Finished
Aluminum Siding, Brick/Block

Building Details

Year Built 1060
Buildings 1
Construction brick
Listing Agency: REALTY ONE GROUP LEGEND
Listed By: JOHNNY RODRIGUEZ · License #287215
Source: Compass
Added: Mar 2 Changed: Aug 30 Last Checked: Aug 31 at 2:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP LEGEND

Investment Insights

Based on property information with market context.

This two-family duplex offers distinct residential layouts across the first and second floors. The lower unit includes three bedrooms, a living room, and an eat-in kitchen, while the upper unit provides two bedrooms, a living room, and a separate eat-in kitchen. A finished basement adds recreational and living space along with a dedicated laundry room.

The property occupies a 50 x 100 lot and includes a private paver driveway with parking for approximately four vehicles. Exterior features include aluminum siding, brick/block construction, a front porch, and backyard space. The home is located in the Lakeview section of Paterson, near schools, parks, shopping, restaurants, major highways, and public transportation.

Key Highlights

  • Two‑family duplex with three‑bedroom and two‑bedroom units
  • Finished basement with additional living and recreational space
  • Dedicated laundry room in the basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store Skin Care Clinic Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,520
Businesses Nearby

Demographics for 07513, NJ

11,995
Population
3,299
Households
3.6
Avg Household Size
35
Median Age
12%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
19,992
Density / Sq Mi
$64,320
Median Household Income
$34,274
Median Earnings
$1,606
Median Rent
$387,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Brick-and-block duplex with separate kitchens, private parking, finished basement space, and a backyard.
Where is this duplex located?
The property is located at 8 Kipp Place Paterson, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family duplex with three‑bedroom and two‑bedroom units; Finished basement with additional living and recreational space; Dedicated laundry room in the basement
More about this property
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